7689 Devonshire Dr #31-303AlexandriaKY41001
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 7689 Devonshire Dr #31-303, Alexandria, KY, 41001 in Alexandria deserves attention. This $325,617 property earns $2,792/mo in rent, a 10.29% gross yield, and nets $574/mo after the $1,464/mo payment. DSCR 1.91 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $89,962 compounds alongside $2,999/yr in yearly equity build, for a total cumulative return of $161,260.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 8.0% |
| Monthly Cash Flow | $574 | $250 |
City averages based on Alexandria market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,792 |
| Total Monthly Debt Service | $2,089 |
| DSCR Ratio | 1.34x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2024
N/A lot
$N/A/sqft
$237 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41001, Alexandria, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,022 (100%) |
| Owner Occupied HU | 6,498 (81.0%) |
| Renter Occupied HU | 1,199 (14.9%) |
| Vacant Housing Units | 325 ( 4.1%) |
| Median Home Value | $313,155 |
| Average Home Value | $363,314 |
Housing Distribution
Address Breakdown
Residential
8,104
Single Family
7,649
Multi-Family
455
Businesses
385
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Condo
Built in 2024
N/A lot
$N/A/sqft
$237 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41001, Alexandria, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,022 (100%) |
| Owner Occupied HU | 6,498 (81.0%) |
| Renter Occupied HU | 1,199 (14.9%) |
| Vacant Housing Units | 325 ( 4.1%) |
| Median Home Value | $313,155 |
| Average Home Value | $363,314 |
Housing Distribution
Address Breakdown
Residential
8,104
Single Family
7,649
Multi-Family
455
Businesses
385
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices